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DCE Live Hog Nov '23 (YKX23)
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DCE Live Hog Futures Market News and Commentary

Soybeans Back to Red for Midday

Bean futures rallied initially at the 8:30 open to close the overnight gap, but immediately fell back for double digit losses at midday. Jan prices are trading 18 cents in the red so far, holding 7c above the $13 mark. out. Soymeal futures are currently trading $2.80 to $4/ton in the red. Soybean Oil futures are down by 11 points through midday. 

USDA flashed a 183k MT soymeal sale to the Philippines this morning via the daily reporting system. 

Weekly Inspections data had 1.108 MMT of soybeans shipped during the week that ended 11/30. That was down from 1.57 MMT last week and below the 2.08 MMT shipped during the same week last year. USDA also added over 1.58 MMT of bean shipments to past reports, leaving the season’s total at 18.692 MMT as of 11/30. That trails last season’s 21.669 MMT pace. 

StasCan reported Canadian canola output at 18.33 MMT. That compares to 18.7 MMT last year and the average trade guess of 18.3 MMT. USDA’s WAOB has a 17.8 MMT crop dialed in... Read more

Contract Specifications

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Contract
Live Hog
Contract Size
16 Metric Tons
Tick Size
5 Yuan per metric ton (CNY 8 per contract)
Trading Hours
9:00a.m. - 11:30a.m. and 1:30p.m. - 3:00p.m. (beijing)
Exchange
DCE
Point Value
CNY 16
Expiration Date
11/27/23 (expired)

Seasonal Chart

DCE Live Hog Nov '23
Average Price Chart for 5 Prior Nov Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
13,420 +4.17%
on 11/02/23
14,370 -2.71%
on 11/01/23
-125 (-0.89%)
since 10/27/23
3-Month
13,420 +4.17%
on 11/02/23
17,350 -19.42%
on 08/28/23
-3,375 (-19.45%)
since 08/25/23

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 13,980
2nd Resistance Point 13,980
1st Resistance Point 13,980
Last Price 13,980s
1st Support Level 13,980
2nd Support Level 13,980
3rd Support Level 13,980

See More

52-Week High 19,145
Fibonacci 61.8% 16,958
Fibonacci 50% 16,283
Fibonacci 38.2% 15,607
Last Price 13,980s
52-Week Low 13,420

See More

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